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Saudi Arabia Oil and Gas Headlines

Saudi Arabia converts Aramco into joint-stock company ahead of historic IPO
1/5/2018 - Saudi Arabia has changed the status of its national oil giant Aramco to a joint-stock company as of Jan. 1, in a key step for an initial public offering (IPO) planned for later this year. ...

Saudi Aramco Launches International Maritime Industries Joint Venture
12/30/2017 - Saudi Aramco and its partners; Lamprell Plc, the National Shipping Company of Saudi Arabia (“Bahri”); and Hyundai Heavy Industries Co. Ltd. (HHI), announced the official launch of their International ...

Saudi Aramco’s First Autonomous Underwater Vehicle
12/27/2017 - A new autonomous underwater vehicle (AUV) that can conduct offshore platform debris surveys to identify seabed clearance and potential debris was recently inaugurated by Saudi Aramco. ...

Saudi Aramco to Set up Projects in Ras Al-Khair Industrial City
12/25/2017 - Saudi Aramco signed two agreements with the Royal Commission for Jubail and Yanbu (RCJY) to allocate industrial locations for Saudi Aramco to set up two industrial projects at Ras Al-Khair Industrial ...

Aramco Awards Haradh and Hawiyah Gas Development Project Contract
12/24/2017 - Saudi Aramco has awarded a contract to build three Temporary Construction Facilities (TCFs) to AZMEEL Contracting Company as part of the company’s Gas Compression Program in Haradh and Hawiyah.


Aramco Awards Two Drilling Contracts to Schlumberger
12/16/2017 - Saudi Aramco has awarded Schlumberger two lump sum contracts for drilling rigs and services for oil and gas wells. Under the contracts, Schlumberger Integrated Drilling Services (IDS) will provide dri...

Saudi Aramco Awards $175M Contract to BHGE
12/14/2017 - Saudi Aramco has awarded a $175 million contract to Baker Hughes, a GE company (BHGE) to drive enhanced production at the Haradh and Hawiyah gas fields, underlining the strong local partnerships of BH...

SNC-Lavalin and Aramco Sign MoU Supporting In-country Opportunities
12/13/2017 - SNC-Lavalin and Saudi Aramco signed a Memorandum of Understanding (“MoU”) signalling SNC-Lavalin’s continued commitment to creating and accelerating opportunities for local workforces in the Kingdom o...

Saudi Arabia to Supply Full Jan Crude Volumes to Several Asian Buyers
12/11/2017 - Saudi Arabia, the world’s top oil exporter, will supply full contractual volumes of crude to five North Asian refiners in January, unchanged from the previous month, five sources with direct knowledge...

CB&I Announces EPC Award for Saudi Aramco Shell Refinery in Saudi Arabia
12/7/2017 - CB&I (CBI) announced it has been awarded a contract for more than $95 million by Saudi Aramco Shell Refinery (SASREF). The scope of work includes the engineering, procurement and construction manageme...

Magseis Awarded Contract Extension for New OBS Survey in the Red Sea
12/5/2017 - Magseis has together with is partner, BGP, been awarded an extension to the ongoing contract with BGP Arabia and Saudi Aramco to acquire additional ocean bottom seismic data in the Red Sea. ...

Wood and Saudi Aramco Sign MoU Supporting In-country Opportunities
11/29/2017 - Wood has entered into a Memorandum of Understanding (MoU) with Saudi Aramco, signalling its continued commitment to creating and accelerating opportunities for local workforces in the Kingdom of Saudi...

Sadara, Gulf Interchem Sign MOU for Recycling Plant
11/28/2017 - Sadara Chemical Company (Sadara) signed a Memorandum of Understanding (MOU) with Gulf Interchem, a Bahrain-based technology company focused on innovating in the field of low-value chemical by-product ...

Aramco and SABIC Sign MOU for $20 Billion Oil-to-Chemicals Project
11/26/2017 - Saudi Aramco and SABIC have signed a memorandum of understanding (MoU) to develop a fully integrated crude oil to chemicals (COTC) complex in the Kingdom of Saudi Arabia, which governs the execution o...

McDermott Awarded Safaniya EPCI Contract for Saudi Aramco
11/20/2017 - McDermott International, Inc. announced a major* contract award from Saudi Aramco for engineering, procurement, construction and installation (EPCI) services in the Safaniya onshore and offshore field...

Saudi Aramco Converts Jeddah Refinery to Products Distribution Hub
11/19/2017 - Saudi Aramco has shut down its 80,000 barrel per day crude oil refinery in Jeddah indefinitely, converting the complex into a hub for oil products distribution, it said. Aramco has been considering wh...

Saipem Awarded New Onshore E&C Contracts Worth Around $1B
11/16/2017 - Saipem has been awarded a new contract in Onshore E&C. Activities involve engineering, procurement, construction and commissioning for the “Hawiyah Gas Plant (HGP) Expansion Project” located in the so...

Oil Prices Rise on Supply Cuts & Political Tensions in Saudi Arabia
11/14/2017 - Last week, the WTI benchmark rose $2 to more than US$57 per barrel — its highest level since mid-2015. While OPEC and other contributing non-OPEC members plan to extend oil production cuts through 201...

Saudi Aramco Signs US$4.5B Agreements for Oil and Gas Megaprojects
11/9/2017 - Saudi Aramco signed agreements with several oil and gas service contractors for oil and gas megaprojects designed to enhance the company’s energy sustainability, diversify the economy, expand gas prod...

Aramco Close to Awarding Gas Project Contract to Tecnicas Reunidas
11/7/2017 - Saudi Aramco is close to awarding a contract to Spanish engineering group Tecnicas Reunidas, industry sources said. “TR received a letter of intent from Aramco,” said one of the sources. ...


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